About Swipe
Swipe is a company based in Hyderabad (India) founded in 2021 by Aditya Vemuganti and Sri Teja Allaparthi. It operates as a SaaS (Software-as-a-Service) and Freemium. Swipe has raised $2.04 million across 3 funding rounds from investors including Riidl, Y Combinator and Global Founders Capital. Swipe offers products and services including Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management. Swipe operates in a competitive market with competitors including Billtrust, Paymentus, SumUp, Vyapar and PayStand, among others.
- Headquarter Hyderabad, India
- Founders Aditya Vemuganti, Sri Teja Allaparthi
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Nextspeed Technologies
- Date of Incorporation 23 Jun, 2021
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$245.73 K (USD)240.46as on Mar 31, 2023
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Net Profit
-$198.35 K (USD)-527as on Mar 31, 2023
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EBITDA
-$268.46 K (USD)-300.3as on Mar 31, 2023
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Total Equity Funding
$2.04 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 11, 2022
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Investors
Riidl
& 9 more
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Employee Count
Not available
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Products & Services of Swipe
Swipe offers a comprehensive portfolio of products and services, including Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management.
GST-compliant invoicing software is provided for businesses.
POS billing solution is offered for small businesses.
Inventory tracking software is designed for easy management.
People of Swipe
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Funding Insights of Swipe
Swipe has successfully raised a total of $2.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Swipe
Swipe has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Riidl, Y Combinator and Global Founders Capital.
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Early-stage startups are accelerated via funding and educational programs.
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Venture capital firm focused on early-stage startups
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Venture capital firm investing in multiple sectors
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Investor details for Swipe
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Investments & Acquisitions by Swipe
Investment portfolio details for Swipe
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Financial Statements - Swipe
Detailed financials for Swipe
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Swipe Comparisons
Peer comparison for Swipe
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Competitors of Swipe
Swipe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Billtrust, Paymentus, SumUp, Vyapar and PayStand, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Invoice and payment management solutions are offered for small businesses.
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Comprehensive billing and payment solution provider
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Provider of mPOS solution and card reader for offline retailers
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Cloud-based invoicing and inventory tools for small businesses are provided.
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Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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An app-based invoicing solution is provided for small businesses.
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Detailed competitors of Swipe
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Latest news on Swipe
Complete news archive for Swipe
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Frequently Asked Questions about Swipe
Swipe was founded in 2021.
Swipe is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Aditya Vemuganti is the current CEO of Swipe. They have also founded this company.
Swipe is a funded company, having raised a total of $2.04M across 3 funding rounds to date.
Annual revenue of Swipe is $245.73K as on Mar 31, 2023.
Swipe is established as a provider of GST-compliant billing and invoicing software tailored for small and medium enterprises. Solutions are offered in sectors like retail, distribution, and services, focusing on simplifying invoicing, POS billing, and inventory management. Features such as customizable templates, payment tracking, and instant sharing via WhatsApp or email are included. Inventory tracking is streamlined with options for bulk uploads and real-time stock updates. Comprehensive reporting tools for sales, purchases, and expenses are also provided to support business operations.
Swipe offers Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management.
Swipe has 10 investors. Key investors include Riidl, Y Combinator, Global Founders Capital, Kunal Shah, and Duro Ventures.